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Relationship between organizations, institutions, entrepreneurship and economic growth process

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Abstract

The main goal of this paper is to show that organizations and institutions play a relevant role in the economic growth process, both directly and indirectly. Human capital plays a direct role by facilitating the introduction and use of new technologies. A more indirect role is play by entrepreneurial activity in three ways: 1) supplying monetary funds; 2) creating an adequate social climate and 3) encouraging trust in the society. The hypotheses introduced are tested using the data on eleven countries.

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Notes

  1. We have included Weber’s approach in the sociologist group. However, according to Swedberg (1998), he must be considered as an economist sociologist.

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Authors and Affiliations

  1. University of Southern Mississippi, Hattiesburg, MS, USA

    Edward Nissan

  2. University of Castilla-La Mancha, Ciudad Real, Spain

    Miguel-Ángel Galindo Martín

  3. University Complutense of Madrid, Madrid, Spain

    María-Teresa Méndez Picazo

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  1. Edward Nissan
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  2. Miguel-Ángel Galindo Martín
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  3. María-Teresa Méndez Picazo
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Correspondence to Miguel-Ángel Galindo Martín.

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Nissan, E., Galindo Martín, MÁ. & Méndez Picazo, MT. Relationship between organizations, institutions, entrepreneurship and economic growth process. Int Entrep Manag J 7, 311–324 (2011). https://doi.org/10.1007/s11365-011-0191-2

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